These are the registered ounces of bullion in the Comex warehouse. Tightness is appearing in the retail physical market, but nothing is showing up here, yet.
If you need a reminder, a brief explanation of what registered and eligible ounces on the Comex means is here.
Janet Tavakoli is a very witty person, as well as being derivatives expert, a financial writer and a noted novelist.
She just sent me this via email:
Notes from the bailout boys:
Goldman 2013: With our economists expecting few ramifications from Cyprus.
Goldman 2007: AIG presents no counterparty risk.